Intel’s (INTC) Hold Rating Reaffirmed at Benchmark

Benchmark reaffirmed their hold rating on shares of Intel (NASDAQ:INTC) in a research report report published on Friday, Benzinga reports.

INTC has been the topic of several other reports. Roth Mkm dropped their price target on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. HSBC downgraded Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. TD Cowen upgraded Intel to a “hold” rating in a report on Monday, September 16th. Hsbc Global Res downgraded Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Finally, Daiwa America raised Intel to a “hold” rating in a research report on Monday, August 26th. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $30.12.

Intel Trading Up 7.8 %

NASDAQ:INTC traded up $1.68 on Friday, reaching $23.20. 173,471,115 shares of the stock traded hands, compared to its average volume of 59,380,906. The firm has a market capitalization of $99.20 billion, a price-to-earnings ratio of -6.24 and a beta of 1.03. Intel has a 1-year low of $18.51 and a 1-year high of $51.28. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average is $21.79 and its 200-day moving average is $27.02.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The firm had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same period in the prior year, the business earned ($0.05) EPS. Intel’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts anticipate that Intel will post -0.47 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger purchased 12,500 shares of the stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.04% of the stock is owned by company insiders.

Institutional Trading of Intel

Several hedge funds and other institutional investors have recently bought and sold shares of INTC. Rocky Mountain Advisers LLC grew its stake in shares of Intel by 17.7% in the third quarter. Rocky Mountain Advisers LLC now owns 14,538 shares of the chip maker’s stock worth $341,000 after purchasing an additional 2,182 shares during the last quarter. First Personal Financial Services grew its position in shares of Intel by 52.4% in the 3rd quarter. First Personal Financial Services now owns 119,766 shares of the chip maker’s stock worth $2,810,000 after buying an additional 41,161 shares during the last quarter. SilverOak Wealth Management LLC grew its position in shares of Intel by 19.1% in the 3rd quarter. SilverOak Wealth Management LLC now owns 18,772 shares of the chip maker’s stock worth $440,000 after buying an additional 3,006 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of Intel by 26.2% during the third quarter. Lindbrook Capital LLC now owns 19,387 shares of the chip maker’s stock valued at $455,000 after buying an additional 4,027 shares during the period. Finally, PFS Partners LLC raised its holdings in shares of Intel by 25.5% during the third quarter. PFS Partners LLC now owns 3,706 shares of the chip maker’s stock valued at $87,000 after acquiring an additional 752 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.